The Balistreri Blog

The Main Key To Understanding the Rise in Mortgage Rates

By KCM on October 04,2021

Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%.

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4 Tips To Prep for Your Home Sale This Fall

By KCM on October 03,2021

Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment.

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As Home Equity Rises, So Does Your Wealth

By KCM on September 29,2021

Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity.

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Is It Time To Move on to a New Home?

By KCM on September 18,2021

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages

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Is the Number of Homes for Sale Finally Growing?

By KCM on September 14,2021

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available. However, signs of relief are finally appearing.

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Why It’s Still Safe To Sell Your Home

By KCM on September 11,2021

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic. Over the last year, agents have adopted new technologies and safety measures designed to keep you safe. And experts say these practices are here to stay.

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More Young People Are Buying Homes

By KCM on August 19,2021

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief.

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Options for First-Time Homebuyers [INFOGRAPHIC]

By KCM on August 18,2021

With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. If you’re having trouble finding your first home, let’s connect to explore your options. It’s out there!

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The Best Use of Time (and Money) When It Comes to Renovations

By KCM on August 16,2021

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling.

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Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

By KCM on August 04,2021

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.”

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Sellers: Make Today’s Home Price Appreciation Work for You

By KCM on August 03,2021

Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?

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With Rents on the Rise – Is Now the Time To Buy?

By KCM on August 01,2021

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging.

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What You Should Do Before Interest Rates Rise

By KCM on July 17,2021

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.

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Diving Deep Into Today’s Biggest Buyer Concerns

By KCM on July 14,2021

Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit 64%, up from 56% last month and 38% last July.

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Why This Isn’t Your Typical Summer Housing Market

By KCM on July 11,2021

In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season.

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In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

By KCM on June 16,2021

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking.

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Housing Wealth: The Missing Piece of the Affordability Equation

By KCM on June 16,2021

The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning affordability in the current housing market.

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Hope Is on the Horizon for Today’s Housing Shortage

By KCM on June 14,2021

The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means we’re in a sellers’ market. Today’s inventory level sits far below the norm.

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Dreaming of a Bigger Home? Why Not Buy It This Year?

By KCM on June 02,2021

Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up.

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6 Reasons to Celebrate National Homeownership Month

By KCM on May 31,2021

Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years.

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Where Do Experts Say the Housing Market is Headed?

By KCM on May 24,2021

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year.

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Why Waiting to Buy a Home Could Cost You a Small Fortune

By KCM on May 12,2021

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs.

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Experts Say Home Prices Will Continue to Appreciate

By KCM on May 10,2021

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month.

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3 Graphs Showing Why You Should Sell Your House Now

By KCM on May 08,2021

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house. Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season.

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Is Home Price Appreciation Accelerating Again?

By KCM on April 28,2021

At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months.

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4 Tips to Maximize the Sale of Your House

By KCM on April 25,2021

Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices. In such a hot market, houses are selling quickly.

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82,338 Great Reasons to Buy a Home Today

By KCM on April 19,2021

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. Most experts are calling for home prices to continue appreciating over the next several years.

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Don't Sell on Your Own Just Because It's a Sellers' Market

By KCM on April 14,2021

In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional.

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Homeownership Is Full of Financial Benefits

By Keeping Current Matters

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% – a better chance of saving for retirement 87% – the best investment plan.

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Buyer Competition is Good News for Sellers

By Keeping Current Matters

With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast.

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What is the #1 Financial Benefit of Homeownership?

By Keeping Current Matters

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth.

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What It Means To Be in a Sellers’ Market

By Keeping Current Matters

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

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Buyer & Seller Perks in Today’s Housing Market

By Keeping Current Matters

With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast.

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Will the Housing Market Bloom This Spring?

By Keeping Current Matters

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will bloom this season.

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5 Reasons to Sell Your House This Spring

By Keeping Current Matters

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring.

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How to Make a Winning Offer on a Home

By Keeping Current Matters

Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home.

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Florida Attracts More Northerners

By The New York Times on September 02,2020

Since the beginning of the pandemic, home sales in parts of the Sunshine State have more than doubled.

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What Recession? Summer Home-Buying Season Heats Up as Prices Surge.

By Clare Trapasso | Realtor.com on June 11,2020

As the summer home-buying season gets underway, median home prices are surging. They shot up 4.3% year over year as the number of homes for sale continued to dry up in the week ending June 6, according to a recent realtor.com® report.

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Coronavirus: Resources for Property Owners

By National Association of Realtors

Resources to provide property owners with assistance during the COVID-19 crisis.

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2019 Luxe Gift Ideas

By Luxury Portfolio

For the people on your list who have everything, take a peek at these luxe gift ideas to get inspired and find something truly unique.

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4 Tips to Improve Your Home and Save on Your Energy Bill

By Balistreri Real Estate

By making a few key upgrades to your home, you’ll save on your utility bills and improve the energy efficiency of your home. When you’re ready to sell your house, these key features will make it even more attractive to potential buyers.

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Is Your First Home Now Within Your Grasp?

By Balistreri Real Estate

According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

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5 Reasons to Sell Your House This Summer

By Balistreri Real Estate

Here are 5 compelling reasons listing your home for sale this summer makes sense.

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Is Your House Priced To Sell Immediately (PTSI)?

By Balistreri Real Estate

In today’s real estate market, with more houses coming to market every day and eager buyers searching for their dream home, setting the right price for your house is one of the most important things you can do.

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Out-of-State Buyers Flock to Miami

By Wall Street Journal

A growing list of public officials in high-tax states are expressing alarm that big earners are bolting to low-tax states as new data suggests some home buyers are moving in response to the year-old change in the federal tax law.

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The KonMari Method: Helping You Prep Your House For Sale

By Keeping Current Matters

One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house. Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes.

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Whose Mortgage Do You Want to Pay?

By Keeping Current Matters

There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

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5 Reasons Homeowners Throw the Best Super Bowl Parties!

By Keeping Current Matters

Watching the big game at home with your friends & family offers many advantages. There’s more room to entertain a large crowd, and you don’t have to worry about complaints to your landlord if you cheer too loudly! The kitchen is big enough to make as many appetizers as you want, and if some of your guests are only there to watch the commercials, they can do so on a different TV in another room!

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Lavish Home Accessories & Furnishings

By Luxury Portfolio

It is truly the details that make a house a home. From the furniture to the lighting and from the bedding to the storage, each piece makes a statement about the space and therefore the people in it. It is important to take the time to make the right selections in order to bring forth your own personality and a true sense of luxury when you are decorating your house. The array of choices available can be overwhelming when it comes time to add the finishing touches on your home. If you are looking for pieces and accessories that will truly make your home pop and highlight the lavish and sophisticated nature of your style, take a look at these amazing options that will add extra opulence to your home.

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The Importance of Homeownership to the American Dream

By Keeping Current Matters

For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. .

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Pat Riley Reportedly Buys Florida Condo at Surf Club

By Realtor.com

Miami Heat President Pat Riley has brought some heat to the real estate market. He and wife Christine purchased a unit in the Four Seasons Residences at the Surf Club in Surfside, FL, for $8.1 million, the Real Deal reported.

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Why It Makes No Sense to Wait for Spring to Sell

By Keeping Current Matters on January 24,2019

The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

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Enjoy Your Own Private Island Off the Florida Keys

By Realtor.com

Escaping to the warm sun and pristine sand of island life is the ultimate dream scenario. After all, what’s not to love about swaying palms, a gentle breeze, and miles of turquoise-green waters stretching out in front of you? Now take the dreamy island getaway in your mind's eye and multiply it by a factor of 10. East Sister Rock, a private island situated just off the Florida Keys, takes island paradise to a whole new level.

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6 Inexpensive Ways to Transform a Room in 3 Hours or Less

By Realtor.com

Is your home decor looking a little drab? Perhaps you grew weary of the whole look some time ago, but you haven't had the time, money, or inspiration to redo it. But here's something that'll cheer you up: Enlivening your interiors can be done in three hours or less. Yes, just three hours! And it's not nearly as messy, complicated, or expensive as you might think.

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